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FCX Fcx Intl

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Share Name Share Symbol Market Type Share ISIN Share Description
Fcx Intl LSE:FCX London Ordinary Share GB0030756968 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Freeport Sees 2009 Copper Sales Unchanged At 3.9 Billion Lbs

21/07/2009 1:54pm

Dow Jones News


Fcx Intl (LSE:FCX)
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Improving demand from customers in Europe and Asia Tuesday led U.S. producer Freeport McMoRan Copper & Gold Inc. (FCX) to increase its forecast for 2009 molybdenum sales, but the company kept its annual copper estimate unchanged.

Freeport said it expects molybdenum output to be 56 million pounds, up 12% from a previous estimate of 50 million pounds but still down from 71 million pounds in 2008. Expectations for copper sales were maintained at 3.9 billion pounds for the year, of which 910 million pounds is expected in the third quarter.

Earlier this year, the company said it estimated a further cut in copper sales next year, to 3.8 billion pounds.

-By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413; andrea.hotter@dowjones.com

 
 

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